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10-09-2009, 12:35 AM
| | Junior Member | | Join Date: Oct 2009
Posts: 6
| | | She spent the money, i'm left paying her debt
Arizona:
So here's the situation Im the 3rd cosigner on a credit card, never have recieved a card or any statments from the bank. Never spent a single penny. The only reason I am on the account was to help them since I had a good credit score. The first cosigner has stopped paying and refuses to make arrangements. Ignores calls and doesn't care that i'm stuck spending the money she spent. The 2nd cosigner has moved out of state and could care less. The bank recently withdrew about 4 payments worth of money from my account without contacting me or trying to make arrangements with me as they tried with her. What can I do? I'd try to get a lawyer but that may cost me more than I have.
Last edited by lana021; 10-09-2009 at 12:37 AM.
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10-09-2009, 01:12 AM
| | Senior Member | | Join Date: Dec 2007 Location: Thebes
Posts: 6,099
| | Quote:
Originally Posted by lana021  Arizona:
So here's the situation Im the 3rd cosigner on a credit card, never have recieved a card or any statments from the bank. Never spent a single penny. The only reason I am on the account was to help them since I had a good credit score. The first cosigner has stopped paying and refuses to make arrangements. Ignores calls and doesn't care that i'm stuck spending the money she spent. The 2nd cosigner has moved out of state and could care less. The bank recently withdrew about 4 payments worth of money from my account without contacting me or trying to make arrangements with me as they tried with her. What can I do? I'd try to get a lawyer but that may cost me more than I have. | If you bank with the credit card issuer, then the exercised their right of setoff to bring the account current. You are going to be stuck paying this debt as you promised. No lawyer will get you out of that.
__________________ Dang the Persephone for eating those pomegranate seeds. It is because of her urge to snack that we must suffer through the winter that will soon be upon us. 
Last edited by Antigone*of*Greece; 10-09-2009 at 01:15 AM.
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10-09-2009, 01:26 AM
| | Junior Member | | Join Date: Oct 2009
Posts: 6
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Originally Posted by Wirelessany1 If you bank with the credit card issuer, then the exercised their right of setoff to bring the account current. You are going to be stuck paying this debt as you promised. No lawyer will get you out of that. | I understand i'm obligated to pay the bank since i did sign the form, but would I be able to take her to court? Or am I just stuck paying now? Bummer. |
10-09-2009, 01:31 AM
| | Senior Member | | Join Date: Dec 2007 Location: Thebes
Posts: 6,099
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Originally Posted by lana021 I understand i'm obligated to pay the bank since i did sign the form, but would I be able to take her to court? Or am I just stuck paying now? Bummer. | You certainly have the right to sue them both.
__________________ Dang the Persephone for eating those pomegranate seeds. It is because of her urge to snack that we must suffer through the winter that will soon be upon us. |
10-09-2009, 02:44 AM
| | Junior Member | | Join Date: Oct 2009
Posts: 6
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Originally Posted by Wirelessany1 You certainly have the right to sue them both. | In what defense? Won't they still see it as a legally binding contract? Is there any chance to win simply by the fact that they refuse to make arrangements and the fact that the first and second cosigners spent the money and not I?
This doesn't seem to affect them as much as it affect me. I have a family to take care where as they are both on their own and don't care about their credit score. They can afford to pay now but refuse to. Before they couldnt pay because they lost their job, but now i know the main cosigner has a job and a boyfriend who supports her. |
10-11-2009, 07:16 PM
| | Member | | Join Date: Oct 2009
Posts: 58
| | | why would you be a third cosigner on a credit card? you deserve the discomfort... |
10-11-2009, 10:22 PM
| | Senior Member | | Join Date: Jul 2005 Location: Missouri
Posts: 3,809
| | | Close that account.
Either sue the others or move on.
DC
__________________
Three books every person should read cover to cover at least once: The Richest Man in Babylon, The Complete Works of Shakespeare and the King James Bible. -- If you can't learn how to live a happy successful life from those books, you are beyond hope. Quote: |
OP needs counseling...not a court house. --Zigner | |
10-12-2009, 09:38 PM
| | Member | | Join Date: Jan 2003 Location: Pennsylvania
Posts: 691
| | | My concern in your post is the fact they withdrew funds from your account without a court order. Unless the credit card is done thru your bank that issued the card. Can you clarify please.
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I haven't committed a crime. What I did was fail to comply with the law. -David Dinkins
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10-12-2009, 09:52 PM
| | Junior Member | | Join Date: Oct 2009
Posts: 6
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Originally Posted by Tayla My concern in your post is the fact they withdrew funds from your account without a court order. Unless the credit card is done thru your bank that issued the card. Can you clarify please. | It was done through the same bank. Didn't recieve any sort of notice, just happened. |
10-12-2009, 09:53 PM
| | Junior Member | | Join Date: Oct 2009
Posts: 6
| | Quote:
Originally Posted by debtcollector` Close that account.
Either sue the others or move on.
DC | The account is no longer able to be used. When it was originally signed the limit was $3,000. Somehow it was increased without my consent. |
10-12-2009, 09:56 PM
| | Senior Member | | Join Date: Dec 2007 Location: Thebes
Posts: 6,099
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Originally Posted by lana021 It was done through the same bank. Didn't recieve any sort of notice, just happened. | They exercised their right of setoff. You agreed to this when you opened your account. Read your depository agreement.
__________________ Dang the Persephone for eating those pomegranate seeds. It is because of her urge to snack that we must suffer through the winter that will soon be upon us. |
10-13-2009, 12:25 AM
| | Junior Member | | Join Date: Oct 2009
Posts: 6
| | Quote:
Originally Posted by Wirelessany1 They exercised their right of setoff. You agreed to this when you opened your account. Read your depository agreement. | Yes, I understand that. Nothing i can do with the bank. I'm trying to figure out how to solve this with the other cardholders who spent the money and refuse to pay! |
10-13-2009, 11:51 AM
| | Senior Member | | Join Date: Oct 2007
Posts: 2,548
| | | you sue them | |
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